Attijariwafa Bank has conducted an early buyback of $290 million of Gabon’s external debt, in a transaction that will ease the debt burden in the country and foster its financial stability. The operation represents 50% of Gabon’s Eurobond. It was made by l’Union Gabonaise de Banque (UGB), the local subsidiary of Attijariwafa Bank. The operation […]
Algeria has earned a notoriety for being one of the worst countries for doing business in the world, due in part to unfriendly regulations that thwart foreign investors. But that law is likely to change as an economic crisis bites with dwindling oil reserves and rising unemployment, fueling unrest and dissent across the country. Industry […]
Malta played host this weekend to the Five-plus-Five summit, gathering five Maghreb and five European countries whose heads of state or government came together to discuss ways to foster inter-Mediterranean ties. The Five-plus-Five forum, which brings together leaders from Algeria, Libya, Mauritania, Morocco and Tunisia, the five countries forming the Arab Maghreb Union (UMA) along […]
